8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $616M | -$6M | 19.6% | -2.0% | $25M | — | $132M |
| 2024 | $450M | -$26M | 15.2% | -7.6% | -$9M | — | $86M |
| 2023 | $373M | -$38M | 21.5% | -12.0% | $2M | — | $123M |
| 2022 | $459M | -$7M | 21.1% | -2.8% | — | — | $77M |
| 2021 | $581M | $35M | 21.9% | 6.8% | — | — | $33M |
| 2020 | $375M | $26M | 22.9% | 7.0% | — | — | — |
| 2019 | $298M | $27M | 23.4% | 9.0% | — | — | — |
| 2018 | $215M | -$51M | 13.4% | -21.5% | -$4M | — | — |
How the market has priced NIU against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Niu Technologies's revenue has grown 10.5% per year. These are computed facts, not advice.
As of FY2025, Niu Technologies reported — of total debt against $132M of cash; operating income covered interest expense -14.4×.
In FY2025, gross margin was 19.6%, operating margin -2.0%, and net margin -0.9%.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.